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Just been watching SOL bounce around and the crypto community's split on what comes next. Bluntz Capital went hard on X calling out anyone betting against Solana after that brutal 77% peak-to-trough slide. His take is that when things drop that hard, it usually clears out weak hands and can actually set up a reversal - not a reason to stay bearish.
Looking at the weekly chart, SOL closed near 89.95 but we're seeing it trade lower now around 85.17. The 200-week MA is still way up at 103.55, and RSI is sitting in the low 30s - which traders read as weak momentum but not necessarily a confirmed crash. Bluntz shared a Bitcoin chart too showing similar deep pullbacks before bigger moves, basically making the point that sharp declines can come before rallies resume.
Meanwhile, analyst Ali Charts laid out the technical roadmap on the 4-hour timeframe. He's watching 83.44 as the key level to break above. If that holds, Ali's targeting 87.11 next, then 90.97 as potential resistance zones. The chart shows SOL bouncing between the same support and resistance bands repeatedly, so it's really a matter of whether buyers can hold above that 83.44 zone.
Right now the range-bound trading means any move depends on liquidity. If Bluntz and the bulls are right about the capitulation scenario, we could see a test of those higher levels. But if momentum fades at resistance, we're probably stuck consolidating in this range for a bit longer.